Aspire & Innovative IPO will open for subscription from 26 March 2024. The company aims for an issue size of ₹21.97 Cr through this IPO.
Company Overview
| Full name | Aspire & Innovative Advertising Limited |
| Sector | Trading |
| Industry | Advertising |
| Company Website | https://www.aspireinnovate.in/ |
About Company
Aspire & Innovative Advertising specializes in trading diverse consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They offer products from various renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others. The range of products is offered at various prices to cater to diverse customer needs across India, focusing on delivering products primarily in rural and semi-urban areas.
For the period ending 30 September 2023, and the fiscal year 2023, the total turnover from the sale of products under the company’s brand was INR 18.38 crore and INR 16.37 crore, respectively. This accounted for 10.82% and 5.21% of the total revenue from the trading business, respectively. As of December 2023, the company has collaborated with over 15 intermediaries for marketing various products at different locations.
The company’s product portfolio includes over 50 items, ranging from pressure cookers, induction cooktops, and mixer grinders to dinner sets, sewing machines, ceiling fans, irons, inverter bulbs, electric heaters, mobile phones, televisions, refrigerators, washing machines, headphones, solar lanterns, and more. As of 30 November 2023, the company has employed 49 permanent full-time employees, including managerial personnel.
The Objectives of the Issue
- To meet Working Capital requirements; and
- To finance the cost of establishing new warehouses
- General Corporate Purpose.
Aspire & Innovative IPO Timetable
| IPO Opening date | 26 March 2024 |
| IPO Closing | 28 March 2024 |
| Basis of Allotment | 01 April 2024 |
| Initiation Refund | 02 April 2024 |
| Credit to Demat Account | 02 April 2024 |
| Listing Date | 03 April 2024 |
Aspire & Innovative IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹21.97 Cr – 4,068,000 shares |
| Fresh Issue | ₹21.97 Cr – 4,068,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 204,000 shares |
| Shareholding pre-issue | 11,110,000 |
| Shareholding post-issue | 15,178,000 |
| Listing Exchange | NSE SME |
Aspire & Innovative IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
Aspire & Innovative IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Aspire & Innovative Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 108.12 | 255.38 | 345.72 | 176.58 |
| Expenses | 105.13 | 249.45 | 339.00 | 171.73 |
| Net income | 2.28 | 4.37 | 5.31 | 3.93 |
Aspire & Innovative Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.25 | 3.95 | 4.78 |
| PE ratio | – | – | 10.67 – 11.30 |
| RONW (%) | 43.72 | 42.86 | 34.22 |
| NAV | 5.16 | 9.22 | 13.96 |
| ROCE (%) | 55.98 | 55.45 | 30.79 |
| EBITDA (%) | 2.95 | 2.52 | 2.11 |
| Debt/Equity | 0.11 | 0.11 | 0.57 |
Company Promoters
- Nitesh Agarwalla
- Rinku Agarwalla
Promoter Holding
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding | – |
Aspire & Innovative IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Aspire & Innovative Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Aspire & Innovative Contact Details
ASPIRE & INNOVATIVE ADVERTISING LIMITED
Plot No. 52, Sector-44,
Gurugram- 122003, Haryana, India
Phone: +91-124-2213055
E-mail: cs@aspireinnovate.in
Website: www.aspireinnovate.in
Aspire & Innovative IPO Allotment Status
Aspire and Innovative Advertising IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Aspire & Innovative IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
